Diagnostic Analysis

Why Diagnostic Analysis of your Data

 Diagnostic analysis is an integral part of the model specification in economics. It helps to tell whether the concerned data has been well specified or not. The consequences of having a wrongly mis-specified model is extreme, as the results obtained would be wrong. Therefore, there is need to conduct the diagnostic tests for every model.

In addition to model specification, it is important to conduct the diagnostic tests, or what is referred to as the residual diagnostic tests. Some of the diagnostic tests offered at DataEdy include:

  1. Testing for Heteroskedaticity
  2. Testing for autocorrelation
  3. Testing for functional form
  4. Normality Test
  5. Correlogram and Q-statistics
  6. Testing for White Noise

DataEdy

The underlying concept behind any diagnostic analysis and tests is that if a model is correctly specified, then there are several weakly consistent estimators of the model parameters. Therefore, the estimates concerned should have a very little difference if the sample size is large. Most of the software provide the tools for conducting these diagnostic tests. However, the software used for analysis should also be applied in conducting the diagnostic tests.

find the cost of your paper

Strawberries

capability in applying marketing-based analytical tools:

Assignment 2: Report (on Amazon Australia) Core Information: Due:  Due by 11.00pm AEST, 23th September 2018 Weighting:  30% Individual/Group  Individual Word limit:  1500-2000 words in total (plus or minus 10%)….

Marketing Analysis

Assignment 2: Report (on Amazon Australia) Core Information: Due:  Due by 11.00pm AEST, 23th September 2018 Weighting:  30% Individual/Group  Individual Word limit:  1500-2000 words in total (plus or minus 10%)….

Strategic Marketing Options

Assignment 2: Report (on Amazon Australia) Core Information: Due:  Due by 11.00pm AEST, 23th September 2018 Weighting:  30% Individual/Group  Individual Word limit:  1500-2000 words in total (plus or minus 10%)….